Release notes for Onvio Advisory

June 10, 2021

Import from Onvio Tax to Onvio Advisory Planner

With this release, you can now import 1040 return data from Onvio Tax when you create a new Advisory plan for the client. When creating a new plan mark the Import the client's 2020 tax return data checkbox, to import the 2020 tax return data into the 2020 column in the plan.

You can also import the client's 2020 tax return data into existing clients by selecting Import while in the individual's tax plan.

If the client has multiple 2020 returns a dropdown will allow you to choose which return you'd like to import. 

Financial calculators available

This release provides new calculators to provide advisory services to your clients.

  • Employer-Provided Cents-Per-Mile Method
  • Partner's At-Risk Losses
  • Partner's Outside Basis
  • Partner - Components of Suspended Loss Carryover
  • S Corporation Shareholder's Basis in Stock and Debt
  • Community Property - Allocation of Tax Amounts Between Certain Individuals 
  • Decedent - Reconciliation of Information Returns 
  • Dependents - Support Test for Dependency Deduction
  • Depletion - Oil and Gas

April 29, 2021

Move and Copy Document Templates

This release adds the option to Copy or Move advisory templates. You can see your templates by going to Onvio Advisory, select Setup, and then Advisory Document Templates.

After opening the template you can now select Manage, then select to either Copy or Move subfolders and files within the template to another template, client, or folder. 

July 9, 2020

New Practice Forward content

Due to the significant increase of virtual interactions, we have created the following tools to help you successfully perform your sales meetings in a virtual environment.

  • Internal Firm Tools - Virtual Sales Process - Prospect
  • Internal Firm Tools - Virtual Sales Process - Existing Client
  • Client Facing Tools - Virtual Meeting Invitation Email Template

You should import the updated templates so that you have the most recent files.

June 11, 2020

Advisory Planner

This release includes Advisory Planner, an easy-to-use, comprehensive, and flexible tax planning tool. If your firm purchased a license for Onvio Advisory Planner, you can use this application to project broad possibilities and allow for changes in income and/or expenses that will significantly affect tax liability. You can work with simultaneous and extensive tax projections for a virtually unlimited combination of alternatives and years.

Client Handouts

You can now prepare and print client handouts that provide insightful tax and small business oriented content to help clients stay abreast of tax law changes or address client-specific scenarios in an easy-to-understand format.

Dashboard

The new Advisory Dashboard provides a central location to access Checkpoint daily news and PPC’s Practitioners Tax Action Bulletins, open financial calculators, and access information in our Help & How-To Center.

Additional financial calculators

This release provides more financial calculators to help you provide additional advisory services for your clients.

Onvio Office add-ins

We updated the Word and Excel add-ins for Onvio Link to include variables for your firm logo and firm and client details.

  • Word and Excel: Insert your firm's logo into your documents. You can set your logo in Onvio Center in Setup > Firm > Firm Settings.
  • Excel: Insert firm or client information for additional detail.

Internal notes


May 28, 2020

Reset button in financial calculators

You can now easily and quickly clear all previously-entered data when working in a financial calculator. For more information, see Financial calculators.

April 30, 2020

Import updates to Practice Forward Content for Implementation template

We updated the “Practice Forward Content for Implementation” template to insert the client name variable in Practice Forward documents. You do not need to re-import this template if you have substantially modified the content in your existing template. We recommend, though, that you import the “New Content for 2020” template that contains new client-facing (for business and individual clients) tools, as well as internal tools for your firm. You should import the updated templates so that you have the most recent files. For more information about the content and recommendations about where the content should be moved within your Documents templates, visit the Practice Forward Subject in the Thomson Reuters Tax & Accounting Community.

April 2, 2020

Client name and project type displayed

When you open a project in Advisory Documents, the client name and project type are now displayed above the client binder.

October 31, 2019

Share folders

You can share folders from within Advisory Projects so that clients can collaborate on files. You can also view information about the shared folders and files to help you keep track of shared information.

October 3, 2019

Import Advisory Documents Templates

Advisory provides preset Advisory Documents Templates that your firm can import for its use.

August 22, 2019

New Unlock option in Advisory Documents Templates

A Lock icon appears next to the documents that are currently open in Advisory Documents Templates so that only one person works in the documents at one time. You can release the selected lock from within an Advisory Documents Template.

August 8, 2019

Financial calculators available

This release provides several financial calculators that you can use to provide advisory services (for example, loan, mortgage, and payroll advice) to your clients.

July 25, 2019

New Unlock option in Projects

A Lock icon appears next to the documents in the binder(s) that are currently open in the Projects screen so that only one person works in the documents at one time. You can choose release the selected lock from within an Advisory Project.

June 13, 2019

Initial release

This notice describes features for the initial release of Onvio Advisory.

This initial release of Onvio Advisory contains Onvio Advisory Documents, which enables you to provide advisory deliverables to your clients.

Get started

The Get started with Onvio Advisory article will help you set up staff profiles, create client contacts, and add projects.

Advisory Documents features

To make full use of these features and automatically populate data, be sure to install Onvio Link and download the Microsoft Excel and Word Onvio Office add-ins.


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